11. Aminata bought 20 metres of cloth at a cost of $90. She sold 15 metres of cloth at $5.80 per metre and 5 metres at $3 per metre. (A) Calculate the profit she made. (B) calculate this profit as a percentage of her original cost.
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Answered by
1
Profit of 33 meters cloth :33(sp-cp)=11(sp):selling price of 11 meters cloth
=>3(sp-cp)=sp
=>sp=1.5*cp
profit %=((sp-cp)/cp)*100
profit =.5*100=50%
Let cost Price be x per meter.
Profit= 11x
S.p=C.p+profit
33x=c.p+11x
cp=22x;
Profit=11x/22x*100=50
HOPE IT HELPS!
Answered by
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Loss made by her = 15 × $5.80 + 5 × $3 = $102
Loss = $102 - $90 = $12
Loss percentage = (12/90) × 100
Loss percentage ≈ 13.33%
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